UK utility SSE Plc (LON:SSE) will aim to cut the carbon intensity of its power generation by 50% and treble annual renewables output to 30 TWh by 2030.
These are two of four key objectives presented by the company today, aligned to the UN Sustainable Development Goals (SDGs). SSE also aims to "pave the way" for 10 million electric vehicles in Great Britain by 2030 through investments in electricity network flexibility and infrastructure, and be the leading company in the UK and Ireland championing Fair Tax and the real Living Wage.
These objectives will be directly linked to executive performance measures.
“Through this new approach, very clear and ambitious environmental, social and economic sustainable goals have now been cemented into the business strategy. Aligning directly those aims to how executive directors and other senior managers are rewarded, over time, sets a precedent for how we feel sustainability should be regarded by business leadership,” said Dame Sue Bruce, independent Chair of SSE’s Remuneration Committee.
The company has already appointed Rachel McEwen as its first Chief Sustainability Officer, reporting directly to CEO Alistair Phillips-Davies.
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